office chart

Prices of New Orleans/Metairie Commercial Real Estate as of July 2020

The commercial real estate market in the New Orleans/Metairie MSA has held steady throughout Covid, with prices increasing 5% in the industrial sector, 30% in the shopping center sector and unchanged in the office sector, and decreasing 6% in the retail sector. Over the last 6 months, over 1 million square feet has been taken off the market for lease and an additional 400,000 square feet is now for sale. This article examines the current average price of the various categories of commercial property and looks for trends and opportunities. Continue Reading

Latest Out-Of-Work Data Shows 1/3 Of Cities Actually Employed More

  The latest unemployment numbers show, compared to one year ago, 32% of 389 city metropolitan areas actually had lower unemployment rates, meaning a higher percent of workers had jobs, leaving 65% with higher unemployment and 3% unchanged compared to 12 months ago. Louisiana Ranks Worst In Unemployment for Its Size   The average unemployment… Continue Reading

louisiana positive covid19 cases

Virus by Louisiana Numbers

3.2 million: Number of adults in Louisiana. 3,315 or 1 in 1000: Have the virus. If you go to Home Depot today, you are around approximately 150 people. Per trip. 927 or 1 out of 3: In the hospital that have the virus. 336 or 1 out of 3: On ventilator that are in the… Continue Reading

office market new construction vs renovation trend

2008 Collapse Still Haunts Nationwide Office Market

Researching construction activity across 382 metropolitan markets in the United States, data show new office-construction projects were double office renovations from 2003 to 2008, but then everything changed when financing dried up for new construction projects due to the mortgage industry meltdown and collapse of financial institutions. The surprise is that this 2008 trend still… Continue Reading

National Unemployment Rate Now 3.5%, But Half of All States Are Worse

Not all states are enjoying the benefits of September’s 3.5% national average unemployment rate; in fact, 50% of the states have worse unemployment than the average and about 25% have much worse. Only 3 states enjoyed an increase in nonfarm payroll employment: Kentucky, Idaho and Hawaii.   14 States Have The Worse Unemployment Rate Alaska… Continue Reading

The Wildebeest Must Die For The Lion To Live

Wildebeests are 4 1/2 feet tall,  weigh over 500 pounds and run 50 miles an hour, but some must die so that the lion can live. The battle for survival is often shown on television, depicting the lion stalking the wildebeest herd, selecting and culling the candidate, creeping in the tall grass and launching like a… Continue Reading

Commercial Real Estate Market Overview-New Orleans & Metairie MSA

Office Market Lease prices for office space in the New Orleans/Metairie Metropolitan Statistical Area averaged $17.78 per square foot, and sale prices averaged $137 per square foot. There are 1,045 office properties for sale or lease and, of those, 895 are for lease and 150 for sale. Last month 32 office spaces were leased, which is… Continue Reading

New Orleans Commercial Real Estate Zoning For Dummies

In this article we examine the permitted uses in various zoning districts for New Orleans commercial real estate including Orleans and Jefferson Parishes. Zoning uses and density can determine feasibility, so gathering this information is imperative before you make an offer. New Orleans commercial real estate development  is not a feat undertaken by the weak.… Continue Reading

volley negotiations are like tennis

Why Negotiating Is Like A Quick Tennis Match

  Buying, selling and leasing commercial real estate requires lots of different skills, including knowledge of financing, zoning, supply and demand, income statements, and demographics but the most valuable skill is good negotiating. What makes a good negotiator? It is helping all parties involved, who bring to the table different and opposing objectives, agree on the… Continue Reading

Visualizing Risk In Making Decisions

You can run the numbers to calculate gains or losses from various scenarios, but there is nothing like a visual depiction of risk/reward tradeoffs. The hard part is transitioning numbers to something you can see that displays probability and the risk involved with adopting various strategies that may or may not result in a gain. Making decisions… Continue Reading

Fraud, Greed and Development of New Orleans Commercial Real Estate

Since New Orleans is almost 300 years old, you’d expect some interesting stories behind its more prominent buildings, and the vacant Market Street power plant near the New Orleans Convention Center does not disappoint. Built in 1927, the 5 story coal-fired power plant probably contains asbestos and who knows what else detrimental to life, but it… Continue Reading

New Orleans Commercial Real Estate-The History of 426 Canal Street

Since New Orleans is almost 300 years old, there is plenty of history behind almost every commercial real estate property, and 426 Canal Street is a prime example with a fascinating history that even locals refer to it by name rather than the address. This property has been known by three names: the Friedricks Building in the late 1800’s, and the Sanlin Building,… Continue Reading

Inflation Lowest Level In Years Due To Energy Price Collapse

Over the last 12 months ending December 2018, inflation, that secretive economic thief that steals your purchasing power, increased 2.2%, continuing to drive the wage price spiral like grandma through a slow school zone, keeping pay raises low and interest rates at the lowest levels in decades. The fat cat donor to this economic bipartisan… Continue Reading

map employment gains

Large Cities Capture Most Employment Gains

Over the last 12 months, only the large cities with population exceeding 1,000,000 experienced healthy employment gains, according to the latest numbers released by the Department of Bureau and Labor. Employment rose in 76% of the metropolitan areas with a 2010 Census population of 1 million or more, compared to 16% employment growth among all… Continue Reading

$130 million New Orleans East Hospital

Tax Incentives Will Revitalize New Orleans East

New Orleans is attracting a new industry of media companies, including movie companies and software developers, mostly due to superior incentives offered to businesses to relocate to the Big Easy. For example, there is a 25% tax credit for digital media expenditures. That is a dollar-for-dollar tax credit. There is a 50% bonus depreciation and… Continue Reading

935 Gravier

Louisiana Commercial Helps Law Firm Expand Office Space

Louisiana Commercial Realty announces the successful completion of lease negotiations of 9,000 square feet of New Orleans Class A office space to Davillier Law Group, a 10 year old boutique firm with 8 attorneys and plans to expand their current areas of practice which include litigation, real estate, public and commercial finance, mergers and acquisitions, gaming and motion… Continue Reading

money bale billboard

So You Want To Make $50,000 Putting A Billboard On Your Property…Not So Fast.

One Billboard Outside Ebbing, Missouri Putting a billboard on your commercial property might be the easiest $50,000 you ever made, but, first, don’t let the billboard laws surprise you. Billboards located near a highway are highly regulated and competition is cutthroat among advertising companies because billboards are still a growing advertising medium, even with the decline… Continue Reading

code violations can be managed

Louisiana Commercial Realty Publishes Another Article For Top Commercial Real Estate Organization SIOR

Louisiana Commercial Realty has authored more real estate articles than any broker in the state, published by the top commercial real estate and financial organizations, including CCIM, SIOR, Chief Executive Officer, and Personal Financial Planning who distribute articles to thousands of their members. This week, Louisiana Commercial Realty published another article, “8 Things To Do When You Get… Continue Reading

Office Market For Lease In New Orleans-2014 to 2018

Office Space For Lease Market Defies Law of Economics

by Robert Hand, MBA, CCIM, SIOR In business school we are taught when the supply of any good or service increases, it will cause prices to fall, but even if you haven’t studied economics you know when there is more of something, prices eventually drop. This is a basic law of economics, introduced in 1691 by philosopher John… Continue Reading

chart of prices of office sales

Office Lease Rate Trend vs. Sale Prices In New Orleans and Metairie

  Prices for sales of office property have increased almost 20 percent per year the last few years while the office lease rate trend has stagnated, according to the latest research from the commercial property database Catylist. That’s good news for new companies looking to get started with an address and lease office space and… Continue Reading

CityBusiness Interviews Louisiana Commercial Realty On Trump Tax Plan

The New Orleans area has seen a wave of investment activity from outside and local developers to restore and put historic, underused and dilapidated properties back into commerce. But a proposed tax reform package from the Trump administration could put future projects in jeopardy. The tax plan doesn’t include the Federal Historic Rehabilitation Tax Credit… Continue Reading

4001 Division

Louisiana Commercial Realty Helps Another Engineering Company Find A Home

“Third time’s the charm” is the saying, used usually after the first two failures, but Louisiana Commercial Realty has been successful three times in a row at helping engineering companies find the perfect home for their growing company. Recently, Infinity Engineering, a highly successful and growing expert in marine construction with projects including a $25 million… Continue Reading


CCIM Publishing Interviews Louisiana Commercial Realty

CCIM, the Certified Commercial Investment Member Institute, recently interviewed Louisiana Commercial Realty for their publication on entrepreneurs in commercial estate. Founded over 50 years ago, the CCIM Institute is commercial real estate’s most influential professional organization, with members closing $200 billion annually in commercial real estate deals. The CCIM designation represents the highest achievement in commercial… Continue Reading

University of Southern Mississippi

Louisiana Commercial Realty Talks With University To Spur Innovaton

Louisiana Commercial Realty and its sister company Mississippi Commercial Realty recently talked with the University of Southern Mississippi to explore helping new medical research companies get a fast start with office space in the only Class A medical office building available in the Hattiesburg, Mississippi area. Mississippi Commercial Realty is exclusive leasing agent for the One… Continue Reading

New Orleans District Attorney

Civil Court Judge Sides With Louisiana Commercial Realty

Civil District Court Judge Bruno listened to both attorneys then made some notes and concluded “I find Louisiana Commercial Realty testimony credible and find the defendant, James Ramsey, tried to conceal the sale of property from the listing agent.” The controversy occurred after seller Ramsey hired the listing agent but then secretly sold the 10 acre property on Read… Continue Reading

lease problems

State of Georgia Talks To Louisiana Commercial About Office Leases

The state of Georgia is one of the most efficient managers of its 2,000 office leases, with only a staff of 10 people each managing a portfolio up to 300 properties including renewals and expansions, plus new lease transactions. Solutions To The Challenges of Managing Thousands Of Leases  Today, Louisiana Commercial Realty met with the State Properties Commission to… Continue Reading

mandatory lease items

The 5 Things Every Real Estate Lease Should Have

Whether you rent office space, a warehouse, or a retail store, your lease probably has language that ties rent you pay to the Consumer Price Index. The idea is meant to benefit only the landlord, because the rental income retains its purchasing power. The problem is that there is more than one Consumer Price Index and there are different… Continue Reading

FEMA Flood Maps

Now Do You Want To Know How To Read A Flood Map?

Katrina, Harvey and Irma Increase Flood Insurance Awareness Normally when people ask if an area floods they are talking about heavy rains causing water to pool in the streets until the city pumps can suck the water down the drains and into the Mississippi River, but since Hurricane Katrina caused the levees to fail and… Continue Reading


Harvey Damage Estimates To Commercial Property Are In

In addition to the loss of life, jobs, savings, and disrupted families, the victims of Hurricane Harvey will have to deal with the loss of their property and the numbers are staggering. Satellite maps from Reuters show 30,000 properties flooded valued at 23 billion, with 26 percent land only but 74 percent are homes and… Continue Reading

cpi since 1913

3 Common Mistakes In Every Lease

Whether you rent office space in Class A towers or a warehouse to store inventory or retail space for your coffee shop, your lease with the landlord probably has terms that are not good for you but that you agreed to anyway. Just make sure your lease renewal doesn’t have the three most common mistakes. Even small mistakes… Continue Reading

Louisiana Commercial Realty Ranked Among Top Real Estate Companies In Gulf South

Louisiana Commercial Realty has been ranked among the top 100 commercial-only real estate brokers in the Gulf South area, including northwest Florida, Alabama, Mississippi and Louisiana, having been inducted into the Society of Industrial and Office Realtors, which is an invitation-only international organization of the top ranked commercial real estate brokers in 630 cities and 34… Continue Reading

skool bus

Louisiana Commercial Realty Helps Kids Git To Skool

Sometimes we forget that behind the everyday tasks of waking up, getting dressed, eating breakfast, and just getting to school or work are people making alarm clocks, clothes, frozen waffles and driving buses to help us along the way. In higher level economics courses, it is called the “Multiplier Effect“, where a change in input, or… Continue Reading

So You Need A Place To Park 20 School Buses: Not So Fast

New Orleans contracts out all the transportation work including streetcars, city buses and public school buses to outside vendors, who are mostly from out of state, so carpetbaggers are always asking where can I find a lot to park my buses. Not so fast. Any old vacant lot just won’t do. Residential zoning won’t work. What… Continue Reading

8 Things To Immediately Do When Your Property Has Code Violations

With over 4,000 known blighted properties in New Orleans, and probably an additional 10,000 not yet declared blighted, city officials have recently discovered they can bring in new revenues from code violation fines. One commercial property at 1532 Robert E. Lee Boulevard was assessed $100,000 in fines, which were paid in order for Ochsner to have a clinic… Continue Reading

CityBusiness Interviews Louisiana Commercial Realty For The Scoop On New Orleans’ Largest Apartment Development

Construction starts on $61M ‘Canal Crossing’ development downtown By: Andrew Valenti, Reporter, January 31, 2017 Construction has begun on a massive mixed-use development at the site of a former Canal Street surface parking lot led by a real estate development partnership with ties to Missouri billionaire sports mogul Stan Kroenke. According to plans filed with… Continue Reading

Why Tariffs Take Money Out Of Your Pocket

At first glance, imposing tariffs or quotas appear to be the perfect solution to get American industries back on track to prosperity, but the reality is that tariffs steal money out of consumers’ pockets by causing prices to increase, stifle creativity, reward inefficiencies and destroy the competitive drive that allows a free market economy to… Continue Reading

CityBusiness Interviews Louisiana Commercial on Tulane Avenue Development

The recent sale of 2537 Tulane Avenue for $5.6 million set a record highest price for property closest to the new $2 billion hospital development, so Citybusiness reached out to Louisiana Commercial Realty broker Robert Hand to discuss the trend on Tulane Avenue apartments and hotels: Commercial broker Robert Hand, president of Louisiana Commercial Realty,… Continue Reading

CityBusiness Interviews Louisiana Commercial Realty on Airport Hotel Development

The largest development in the history of Jefferson Parish, and the one having the biggest impact on the future of New Orleans, is the development of the $807 million dollar north terminal at Louis Armstrong Airport, which will include a 140 room hotel on land leased from the city. CityBusiness recently interviewed Robert Hand, president at Louisiana Commercial Realty on… Continue Reading

Don’t Be Fooled By Commercial Real Estate Prices

Pricing commercial real estate is vastly different from other assets, such as stocks and bonds where thousands of buyers and sellers state openly their best price and recent transactions are known by all. In fact, commercial real estate pricing is far from a highly competitive industry which must have transparency and all participants have easy access… Continue Reading

The Hidden Penalty On All Who Love New Orleans

New Orleans once was one of the largest cities in America- for over 140 years. Today it is an exciting place to live with an intoxicating culture steeped in its 300 year old history, but for those who have lived here long enough to see their children go from the “Trinity Pink Party” to LSU… Continue Reading

cap rate table

How To Value New Orleans Commercial Real Estate Using Cap Rate

Money is made in commercial real estate by having the vision to create value where none before existing. Since prices are not transparent like stocks quoted at the bottom of your big screen TV, the person who accurately determines value is the one who comes out ahead. Smart commercial real estate investors use a tool… Continue Reading

How Much Space Does Parking Steal From Your Real Estate

You need parking for 75 people, but how do you convert this into useful information, such as square footage of land? A good rule of thumb is to allow just as much square footage for parking as you estimate you will need to allow for any building, whether it is office, or retail, or apartments.… Continue Reading

Parking Requirements For New Orleans Commercial Real Estate

When you purchase commercial real estate, one of the top 5 things you need to know on day one should be the parking requirement. Parking requirements are established by the Department of Planning in the Parish where the property is located. If the property is located in an incorporated city such as Kenner, they will have… Continue Reading

The Insanity of Real Estate Inspection Renegotiation

It’s really smart to bring in experts when facing major decisions and a purchase of high value real estate is no exception; however, there is a widespread trend, while not illegal, that many real estate professionals consider unethical: the inspection renegotiation.  Stop The Insanity! Somewhere between Suzanne Somers’ Thigh Master and PX-90, Crossfit and Pilates, there was Stop The… Continue Reading

Will Louisiana’s Economy Decline Due To Oil’s Decline

Louisiana is second in the nation in refinery capacity and has 112,000 miles of pipeline carrying crude oil and natural gas, so will the collapse in the price of oil also cause a collapse in Louisiana’s economy? Uncle Jed Missed The Rabbit and Hit Oil Only Once In the early days of Merrill Lynch, a new… Continue Reading

Are Movies Really An Economic Driver For Louisiana?

Louisiana first encouraged the movie industry to come here in 2002, when the legislature passed the Motion Picture Tax Credit Program, but it didn’t catch on until we beefed it up in 2005, and this year the incentives are producing spectacular results.  In the 63 years before the incentives were created, 52 movies were made, including… Continue Reading

Is 2 Years A Long Time To Lease Vacant Space?

You might think taking 2 years to lease vacant office space is an outlier, an anomaly, or that something’s just wrong: like a building sitting on an earthquake fault; however, it’s just par for course for downtown New Orleans’ finest office towers where 78% of full floor offices have sat vacant for over one year, and… Continue Reading

How To Value Commercial Real Estate Using Cash Flow and Present Value

The most popular method of appraising commercial real estate is not the most accurate. Usually we compare past sales of property and apply the price per square foot, but this is valid only if all the properties are homogeneous, which is never the situation. Let’s examine three methods of valuing commercial real estate. Sales Approach… Continue Reading

The Best Month To Sell Your Home For The Highest Price Is…

The common belief that homes prices rise during the summer months because everyone wants to be settled in before school starts is true. The facts show us that the highest prices concentrate around the month of June. Examining The Trend of 10,323 Homes Sold Over The Last 5 Years Using the Multi List Service from the Realtor database, home… Continue Reading

Supply of Office Space For Sale Plummets

Over the last 4 years, available office space for sale in the New Orleans area has plummeted to one third of its previous supply, due to a lack of new office space construction. The result is a strengthening of sale prices in the office market. This article examines the supply and demand of office space and… Continue Reading

Three Big Mistakes In Pricing Commercial Real Estate

Valuing New Orleans commercial real estate accurately can be difficult at times, but using basic financial principles can help you calculate the market price with a higher level of confidence. Just remember that the price of any object is the equilibrium of supply and demand, but commercial real estate supply and demand can depend on emotional as well as logical… Continue Reading

Can Government Regulate Ethics & What Is The Law Regarding Emails

Last Wednesday, President Obama was the lead story on many television stations, proposing a new plan to eliminate “conflicts of interest” that investment advisors have with their clients. This begs the question: Can government regulate ethical behavior? This article explores how ethical behavior is incentivized, either on purpose or by neglect, even down to how the… Continue Reading

Amazing Technology To Help Businesses Select Successful New Locations

Technology has taken a giant leap forward in the last few years by expanding the traditional tool of demographic research into an analysis of lifestyles and consumer spending behavior. The old-school strategy was to look at population count, income, and age to determine a good location for a business. But new-school tools such as leakage… Continue Reading

Louisiana Commercial Realty Hired To Market GTE Financial Tract

Louisiana Commercial Realty announced today they were hired to market the 69,000 square foot tract of land at 5550 Crowder Boulevard for GTE Financial. Robert Hand, president of Louisiana Commercial Realty said, ” This tract of land is a great opportunity to bring retail businesses to an underserved market. Our research shows within a 5… Continue Reading

Which Industry Drives Louisiana’s Economy: Oil or Tourism?

If you want to see Louisiana grow, which jobs would you prefer to bring in: oil or tourism? One of these two top industries delivers twice as many jobs but has one-third of the wages. This article examines jobs and wages, defining what is called Export Jobs which in the long run determine our economic future. Mardi… Continue Reading

Office Market Prices In Louisiana’s Major Cities

Even though Louisiana has a diverse culture and varying economic drivers among its major cities, the range of prices of office space will surprise you. For the most part, office lease prices vary by roughly 20%, from a low of $15.03 in Lake Charles to a high of $19.19 in Harahan, with Shreveport/Bossier city being an… Continue Reading

Jethro Bodine Ciphers New Orleans Class A Office Rates

Whenever Beverly Hillbillies star Jethro Bodine needed to do math, he would commence to ciphering by the cement pond, proving that math can be simple if you have enough fingers and toes. Commercial real estate is sometimes that way but sometimes not. Fortunately, when we need to do some math to answer the simple question, “What… Continue Reading

13,439 Louisiana Real Estate Agents-Who, What & Where They Are

There are 13,439 active Louisiana real estate agents, but the city with the most and the company with the most will surprise you. The location of real estate agents does not match up identically with the location of the home buying public. For example, New Orleans has the most licensed agents but does not have the highest population… Continue Reading

The Drivers of the New Orleans’ Economy Will Shock You

The recent census found 1.2 million people live in the New Orleans Metropolitan Area, down only 7% from the 1.3 million in 2000, but the makeup of who lives here and the driving forces of the economy will shock you. What Jobs Drive The Economy? Government, hotels / restaurants and hospitals are where the jobs are… Continue Reading

5 Things You Need To Know About Pricing Multi-Family Commercial Real Estate

Pricing Multi-Family commercial real estate in Louisiana is often difficult because the sector includes a wide range of types, from 100 year old plantation housing called shotgun doubles to low-rise garden style to high rise complexes. Each property type contains its own revenue supply and demand line and expense percentage, producing a variety of net operating incomes which affect… Continue Reading

Lower Unemployment Rate Not An Accurate Indicator

Nationwide, the jobs picture wouldn’t look as good if it weren’t for the energy industry. Take out the 1.1 million jobs created in Texas, the state that has led in job creation, and the country would be 350,000 below the 2008 peak, according to research by the Federal Reserve Bank of Dallas. The U.S. economy… Continue Reading

What Does Metairie Office Space Lease For?

Your commercial property is not worth the appraisal it was written on. That’s because an appraisal looks at past prices and your property is worth what a qualified and motivated buyer will pay today, depending on his use of the property. It has little to do with past purchases and uses. That’s why a vacant hotel on… Continue Reading

Do You Know The 14 Incentives Leading New Businesses To New Orleans

New Orleans is growing due to superior incentives offered to businesses to relocate here. For example, there is a 25% tax credit for digital media expenditures. That is a dollar-for-dollar tax credit. There is a 50% bonus depreciation and tax exempt financing at a 2% interest rate. There is a tax credit for live performances up… Continue Reading

What You Don’t Know About the $2 Billion Tulane Avenue Hospitals

The largest new hospital development in the United States is the New Orleans 70 acre $2 billion combination of a new Veterans Administration hospital and, just on the other side of South Galvez Street, the new University Medical Center that will replace Charity Hospital which was rendered obsolete by Hurricane Katrina and time. University Medical Center… Continue Reading

Using Technology To Make Better Commercial Real Estate Decisions

Technology has taken a giant leap forward the last few years by expanding the traditional tool of demographic research into an analysis of lifestyles and consumer spending behavior. The old school strategy was to look at population count and income and age to determine a good location for a business, but new school tools such… Continue Reading

There Will Be No Medical Office Buildings Constructed On Tulane Avenue

Even though there is much anticipation of spin-off commercial real estate development surrounding the new Veterans Administration and LSU hospitals on Tulane Avenue in New Orleans, there will be no doctor’s clinics constructed, no medical offices and no lab testing facilities built to replace the vacant lots and blighted structures. This article details the hospital… Continue Reading

Office Market Trend In New Orleans

The supply of office properties for lease in Orleans Parish has grown over 8.85% annually the last three years, with 1.9 million square feet in 286 properties averaging a lease of four properties per month at $15.62 per square foot. But that doesn’t tell the whole story about the trend of the office market in Orleans… Continue Reading

Building Class Definitions For New Orleans Commercial Real Estate

New Orleans is almost 300 years old, so classifying and describing commercial real estate can be tricky. That’s because New Orleans has 100 year old buildings that look better on the inside than brand spanking new construction. To help with the confusion, many commercial real estate specialists use the building classes defined by the Building Owners… Continue Reading

Determining Feasibility of Commercial Real Estate Development

With 30 year Treasury Bonds yielding 3.79 percent, many investors as well as institutions are considering investing in commercial real estate. How do you know whether the market is right to invest or not? This article presents a strategy for analyzing whether or not it is feasible to develop commercial office property. Feasibility Rent The first… Continue Reading

What Is Killing The Appraisal Industry In Louisiana?

Most Louisiana appraisers licensed in 2013 actually live in Texas. The appraisal industry in Louisiana is undergoing a significant decline in the number of general licenses issued to Louisiana appraisers while at the same time appraisers in Texas are being hired to perform appraisals in Louisiana. The result is a dying Louisiana industry.   Types… Continue Reading

Commercial Real Estate Tax Credits For Dummies

The purpose of commercial real estate tax credits is to encourage the preservation of historic buildings through incentives to support rehabilitation of historic and older buildings. Since the inception of the Federal Rehabilitation Tax Credit, Louisiana has been a leader in certified tax credit projects, generating over $2 billion in private reinvestment in Louisiana communities.… Continue Reading

Best City In Louisiana For Jobs: Houma

Every day the United States government collects data and nobody likes personal information collected, but there is other information collected that we need which is very helpful, such as data used in determining the health of the economy. One of the most important numbers collected by the Department of Labor is how many people are out of… Continue Reading

Analysis of What Businesses Are Needed In the East

This 25 page report analyzes in detail what businesses are needed in New Orleans East. We examine consumer spending to determine Retail Gaps and calculate the Leakage Factor to see where the unfulfilled demand is. Feasibility New Orleans East – Download pdf    

How To Use Statistics To Value Commercial Real Estate

Commercial real estate valuation differs from stock and bond valuations because ral estate often has fewer buyers, only one seller, little comparable properties and location biases, compared to pricing a share of stock which is quoted visibly and enjoys hundreds of trades every minute. If commercial real estate information was more widespread and there were more buyers… Continue Reading

CityBusiness Named Robert Hand Top 50 Financial Executive

CityBusiness Named Robert Hand one of the Top 50 Financial Executives in New Orleans for 2012. “It’s  possible to spur redevelopment along a dilapidated corridor and bring affordable housing to a community while still making a profitable investment. Just ask Robert Hand, who has played a key role in securing more than $200 million for new… Continue Reading

The Fastest Growing Cities In Louisiana-Not Who You Think

Fastest Job Growth In Louisiana Even through the state of Louisiana reports one of the lowest unemployment rates in the nation dropping to 4.5 percent, not all areas of Louisiana have witnessed reduced unemployment in the last 12 months. For example, Shreveport suffers from a reversal of the Haynesville Shale boom with a employment decline of 0.2… Continue Reading

Louisiana 4.5 Percent Unemployment Among Lowest In U.S.

The preliminary figures from The Bureau of Labor Statistics show Louisiana has a low unemployment rate of 4.5 percent, compared to the US rate of 6.3 percent, as of April 2014. Forty-three states had unemployment rate decreases, two states had increases, and five states had no change. The national jobless rate fell to 6.3 percent in… Continue Reading

Major Industries in the 10 Parish New Orleans Market

The major industries in the 10 parish area are hotel, health care and retail, but manufacturing is still number four on the list. The table below shows the average number of people employed in the industry and the employment as a percent of total employment.  Major Industries in the 10 Parish Area AVERAGE EMPLOYMENT EMPLOYMENT PERCENTAGE… Continue Reading

Are Commercial Real Estate Cap Rates Tied To Treasury Rates?

The most important financial change of anyone alive today has been the reverse of the 1970’s decade of inflation and subsequent declining interest rates since the 1980’s. The decline in interest rates the last three decades has impacted commercial real estate due to the principal of “Opportunity Cost”, because as alternative investment returns decline, commercial… Continue Reading

Louisiana Commercial Realty Sets High Price For Industrial Land

Louisiana Commercial Realty announced today that the company had brokered 22,000 square feet at 210 Industrial Avenue for one of the highest prices recorded in Jefferson Parish for industrial land. Commercial real estate broker Robert Hand says, “In Jefferson Parish there are currently 80 properties of vacant land for sale at an average price of $5.68 per square foot over the… Continue Reading

Louisiana Commercial Realty Helps Sukho Thai Expand In New Orleans

Louisiana Commercial Realty announced today the completion of negotiations and the purchase of 2200 Royal Street for the newest location of a Sukho Thai restaurant in New Orleans. Robert Hand, president of Louisiana Commercial Realty, says, “After an exhausting search including hundreds of possible locations, we are pleased to have completed negotiations for our client to… Continue Reading


NEGOTIATE COMMERCIAL REAL ESTATE CONTRACTS WITH STRENGTH For investors and/or commercial brokers, negotiating a commercial real estate contract can be rather daunting. If done incorrectly, then the losses can be astronomical. It is critical that you know the key provisions of a commercial real estate contract and how to effectively negotiate terms. First and foremost,… Continue Reading

New Orleans Commercial Real Estate | POSTPONING TAXES WITH 1031 EXCHANGES

POSTPONING TAXES WITH 1031 EXCHANGES The 1031 exchange, also termed the Starker exchange or tax-deferred exchange, allows you to sell investment property and to defer capital gains and depreciation recapture taxes. Assuming that you are reinvesting 100% of the equity into “like-kind” property of equal or greater value. “Like-Kind” property is any property held for… Continue Reading

New Orleans Commercial Real Estate | SALE CONTRACT PITFALLS

SALE CONTRACT PITFALLS   There will always be risks involved when purchasing a piece of investment property. However, the goal is to minimize these risks as much as possible. The following are several potential sale contract pitfalls you may want to avoid. It is critical that you find out if there are any defects in title… Continue Reading

New Orleans Commercial Real Estate | How To Value Land

Even though large tracts of vacant land are scarce in New Orleans, it can be difficult to accurately value raw land. This article explains how sophisticated commercial property investors value land to determine if their development is feasible. How property is valued will surprise you. The value depends on how the site is utilized. It’s called… Continue Reading

Feasibility of Retail Developments in New Orleans East

New Orleans East is an area with seven times the national population growth rate and an estimated 100,000 people with median household income of $43,000 who are underserved by businesses yet to come back to the area. An opportunity exists for retail businesses to come to the area and this report examines which businesses are… Continue Reading

New Orleans Commercial Real Estate-What Are Current Office Trends?

New Orleans Commercial Real Estate is a diversified market with seven different sectors, each sector is different in size. The table below shows the major sectors of the New Orleans commercial real estate market, as well as the average asking prices and actual transaction price variance, and the number of days the property was on the market.… Continue Reading

When Can The Fire Marshal Shut Down Your Business?

If you operate a bar or music venue, you already realize the fire marshal can close down your business for a variety of reasons. For example, the allowed capacity is one person for every 7 square feet of space if the property is sprinklered, or 142 people per 1,000 square feet. Property not sprinklered requires 15 square… Continue Reading

Zoning For Dummies: April Fool! Identical Zoning Codes Vary By Parish

The C-1, Commercial, Zoning Designation Means Different Permitted Uses In Orleans and Jefferson Parish You would think if a property in Orleans Parish has the same zoning designation as a property in Jefferson Parish, that the permitted use would be the same. Logical, but not true. In Orleans Parish, the C-1, Commercial, zoning designation allows… Continue Reading

13 Tools Of Math For Smarter Investing

Trading System Signals There are 13 basic tools using technical analysis that can assist you in investing. These tools of technical analysis, combined with fundamental analysis, could give you more confidence in decision-making. 10 Day Moving Average Long/Short Signal The 10 Day Moving Average Long/Short signal is designed to identify stocks that are technically sound… Continue Reading

Flood Zoning For Dummies

Definitions of FEMA Flood Zone Designations Flood zones are geographic areas that the FEMA has defined according to varying levels of flood risk. These zones are depicted on a community’s Flood Insurance Rate Map (FIRM) or Flood Hazard Boundary Map. Each zone reflects the severity or type of flooding in the area. Moderate to Low Risk… Continue Reading

Economy Growth Rate Is Slowing

The growth rate of the economy is slowing, according to the latest figures released from the Bureau of Economic Analysis. Back in August 2013, personal income grew at .5% and then is September grew at .4% but then in October, November, December started to wane with December’s growth less than .1 percent. This means we… Continue Reading

What Is Commercial Real Estate In New Orleans Really Worth?

The total supply of commercial real estate for sale in New Orleans is approximately $726,000,000 with vacant land being the largest sector valued at almost $242 million, followed by office property valued at $175 million. There are two databases that house information on most of the commercial property for sale in the New Orleans area. The… Continue Reading

Avoiding Three Big Mistakes In Valuing New Orleans Commercial Real Estate

Commercial real estate in New Orleans is often valued incorrectly which can be a disaster, but it also creates opportunity: big money is made when you understand how to value commercial real estate correctly.  This article examines three basic mistakes anyone can make when valuing commercial real estate. The first mistake commercial real estate buyers and sellers make… Continue Reading

New Orleans Commercial Real Estate: Know Your Zoning

This issue examines New Orleans’ commercial real estate zoning changes and explores what businesses are allowed in the Light Industrial, Heavy Industrial and C-1 categories. New Zoning Master Plan The New Orleans City Planning Commission is preparing a citywide Master Plan to guide the longterm physical development of the city, along with a new, user-friendly… Continue Reading

Kenner Industrial Zoning Comparison

Kenner is like most zoning authorities in that they want to spell out in zoning ordinances exactly what is allowed, such as areas for blacksmithing, macaroni making, manufacturing of looseleaf paper, thermometers and wire brushes. Zoning codes also detail some silly permitted uses. This article compares the industrial zoning codes and clears up the confusion. Kenner, Louisiana, has… Continue Reading

Flood Insurance Passed

Senate Passes Flood Insurance FOR IMMEDIATE RELEASE January 30, 2014 Contact Information: Caitlin Berni, Greater New Orleans, Inc., 504.527.6980, Coalition for Sustainable Flood Insurance Commends Senate for Passing Milestone Flood Insurance Measure  Coalition Now Urging House to Act Washington, D.C. — Today, Greater New Orleans, Inc. President and CEO Michael Hecht, on behalf of the Coalition for… Continue Reading

CityBusiness Interviews Louisiana Commercial Realty On Boutique Hotel

Audubon Building’s new owner plans boutique hotel 4:04 pm Wed, June 2, 2010 POSTED: 04:04 PM Wednesday, June 2, 2010 BY: CityBusiness staff reports TAGS: Audubon Building, Mark Wyant,  Robert Hand A former condo project along the Canal Street corridor is being converted into what the developer calls an “upscale boutique” hotel. The eight-story structure… Continue Reading

Q&A with Robert Hand, Louisiana Commercial Realty

Q&A with Robert Hand, Louisiana Commercial Realty 4:55 pm Tue, November 20, 2012 POSTED: 04:55 PM Tuesday, November 20, 2012 BY: Ben Myers, Reporter New Orleans City Business TAGS: industrial, listings, Louisiana Commercial Realty, Louisiana Commercial Realty, New Orleans commercial real estate, office, retail, Robert Hand, speculator, speculators, vacant land Office and retail space in… Continue Reading

CityBusiness Interviews Louisiana Commercial Realty On Tulane Avenue Developments

Brokers predict deliberate progress on Tulane Avenue 1:13 pm Wed, May 15, 2013 POSTED: 01:13 PM Wednesday, May 15, 2013 BY: Robin Shannon, Reporter New Orleans City Business TAGS: Avery’s Po-Boys, Finn McCool’s, Greater Mid-City Business Association, Justin Pitard, Louisiana Commercial Realty, Pauline Patterson, Re/Max Commercial Brokers, Richard Juge, Robert Hand, Stephen Patterson, Treo, Tulane… Continue Reading

CityBusiness Interviews Louisiana Commercial Realty On Office Forecast For 2014

Office forecast calls for continued high rent, occupancy POSTED: 12:03 PM Wednesday, January 8, 2014 BY: Robin Shannon, Reporter TAGS: Bruce Sossaman, CBD, commercial real estate, Corporate Realty, Louisiana Commercial Realty, Metairie, New Orleans, office, One Shell Square, Robert Hand, Robin Shannon, Shell, URS Commercial real estate agents in the New Orleans area say the… Continue Reading

CityBusiness Interviews Louisiana Commercial Realty On Apartment Development

Sprawling apartments still trouble eastern N.O. 3:21 pm Tue, October 19, 2010 POSTED: 03:21 PM Tuesday, October 19, 2010 BY: David Muller, Staff Writer New Orleans City Business TAGS: Bern-Mas Apartments, eastern New Orleans, Eastern New Orleans Neighborhood Advisory Commission, Graham Little, Greater New Orleans Multi-Family Housing Report, Jon Johnson, Lake Forest Shopping Center, Methodist… Continue Reading

Commercial Real Estate Trends-Orleans Parish

Orleans Parish Commercial Real Estate The commercial real estate market in Orleans Parish is currently 3.1 million square feet for lease and 3.7 million square feet for sale with a sale price of 266 million. The office category comprises the largest sector at approximately 50% of the space for sale or lease, followed by retail, shopping… Continue Reading

Finding The Digital Media Industry In New Orleans

The best way a business can stay competitive is to utilize incentives offered by state and local governments. Louisiana offered tax credits to the movie industry several years ago and the result was a subsequent explosion in movies made here and a boost to the economy from payroll and visibility driving demand toward our tourism industry.… Continue Reading

Office Sector In Commercial Real Estate Exploded In 2013

Three trends emerged in the commercial real estate office market in the New Orleans area in 2013.   Trend #1-Orleans Parish office space leased and sold faster than ever before, at an average 35 days on the market versus an average of 274 days the last 12 months. Trend #2-Orleans Parish office space for sale… Continue Reading

Louisiana Adds 30,800 Jobs And Unemployment Rate Rises

The preliminary employment numbers are just now in from the Bureau of Labor Statistics, and they show Louisiana added 30,800 jobs for the 12 month period ending October 2013. Employment in Louisiana for the 12 months ending October 2013 grew from 1,935,700 to 1,966,500. The table below shows the states with statistically significant employment changes, seasonally… Continue Reading

Just Out Today-How Is The U.S. Economy Doing?

One of the most important indicators of how the U.S. economy is doing is personal income because it shows the potential spending power of the consumer which drives 2/3 of the economy with manufacturing now driving only 1/3 of the economy. Today the Bureau of Economic Analysis released data on how personal income changed for… Continue Reading

How Is The New Orleans Economy Doing?

Just out today is the Bureau of Economic Analysis report on GDP by MSA, showing last year the New Orleans-Metairie economy grew almost twice the average pace at 8.0% compared to the U.S. at 4.09%. Chart of New Orleans GDP, Current Dollar Percent Growth The New Orleans MSA was one of 305 Metropolitan Statistical Areas… Continue Reading

New Orleans Employment Compared to U.S. Employment Growth

Just out today are the numbers on how many people are employed in the U.S., but if you drill deeper, you can find out current employment data on Louisiana and also the New Orleans MSA. Looking at employment growth provides a snapshot of consumer spending driving economic growth and can help you plan a wide… Continue Reading

How Louisiana Employment Growth Compares to the U.S.

Today the Bureau of Labor Statistics announced the unemployment numbers for the period ending July 2013 broken down into the 372 metropolitan areas. Jobless rates were lower in July than a year earlier in 320 of the 372 metropolitan areas, higher in 38, and unchanged in 14. Forty-one areas had jobless rates of at least 10.0… Continue Reading

Times-Picayune Interviews Louisiana Commercial Realty On Tulane Avenue Growth

Tulane Avenue is transitioning from a mixture of businesses operating out of shotgun houses, outdated hotels, bars, auto repair shops and bail bondsmen to a neighborhood of new multi-million dollar apartments and retail centers. This process is technically called “gentrification”, where commercial real estate undergoes a change to a higher and better use. Recently, the Time-Picayune newspaper discussed… Continue Reading

Mixed Martial Arts: New Orleans vs. U.S. Personal Income Growth

The last few years have been good to New Orleans, with lower unemployment than the rest of the U.S. and the focus on tourism resulting in jam-packed restaurants and hotels. But it hasn’t always been this way. What is really interesting is, how does the New Orleans’ economy compare to the rest of the U.S.?  This article… Continue Reading

Tulane Avenue Hospital Draws New Apartment Development

The latest apartment to be developed near the new Tulane Avenue hospital is announced. Despite the fact that everyone knows about the billion dollar VA/LSU hospital complex, which is the largest new hospital development in the US-being built on Tulane Avenue-only now has a developer stepped forward to convert a nearby vacant building into apartments. The building is the 17… Continue Reading

Does US Employment Rate Affect The New Orleans’ Economy

The numbers are out, but the numbers behind the published numbers will startle you. Yesterday the Bureau of Labor Statistics released the latest numbers on national unemployment rate; but the government also released numbers on Metropolitan Statistical Areas which include New Orleans and is included in this analysis. What Are Metropolitan Statistical Areas? The Office… Continue Reading

Big Money Transactions In New Orleans Commercial Real Estate

The past few months have witnessed several large commercial real estate transactions in New Orleans, including hotels, retailers and warehouses, emphasizing that New Orleans is a diverse market with buyers who have confidence in the future of commercial real estate and are willing to invest millions. Recently there were 14 big money transactions  in New Orleans… Continue Reading

How Much Commercial Real Estate Do Americans Own?

Of those that own commercial real estate, there are more assets in rental property than in IRA’s, 401(k)’s and the median net worth of Americans. In the 2010 census, Americans were asked where they invested their money. Of the 118.554 households , the largest category of asset was the Interest Earning Account at a Financial… Continue Reading

New Orleans Commercial Real Estate: Gretna Apartments Sell For $18 Million

The West Bank was not affected by Hurricane Katrina, except that the population increased dramatically there and apartment occupancy skyrocketed. One beneficiary was 94 percent occupied Baywood Apartments, previously Carlyle Apartments, which was sold last month for $18,000,000. The buyer was not local, a real estate investment company in California called Delta Alliance, founded by… Continue Reading

New Orleans Commercial Real Estate: Scandinavia Sells For $6,975,000

Drugs are a big money business. Especially legal drug stores like Walgreens. Who else could justify paying $94 per square foot for land and a beautiful building only to demolish the building? That’s New Orleans commercial real estate at work utilizing the principal of highest and best use. The result is the most profitable businesses can make… Continue Reading

New Orleans Commercial Real Estate Professional Discusses Tourist-Oriented Markets

For Immediate Release New Orleans Commercial Real Estate Professional Discusses Tourist-Oriented Markets New Orleans — March 29, 2013 — Robert Hand, CCIM, president of New Orleans based Louisiana Commercial Realty, discusses commercial real estate activity in tourist-oriented markets in the March/April issue of Commercial Investment Real Estate, the magazine of the CCIM Institute. Robert explains… Continue Reading

New Orleans Commercial Real Estate-What’s Driving The Economy

New Orleans commercial real estate depends on a thriving national economy. We just experienced, in 2008, the worst recession in history, and New Orleans managed to pull through due to reconstruction spending which kept the unemployment rate in the 4%-5% range compared to the national average at 7%-9%. As the FEMA funds dwindle down, the… Continue Reading

Millionaire Matchmaker For New Orleans Commercial Real Estate

The millionaire matchmaker hit New Orleans commercial real estate recently with these big money transactions for banks, shopping centers and hotels. Examining commercial real estate development in New Orleans gives us an idea of where the future growth will be, and these 6 projects are good indicators of big money activity. Once Tallest Building In New… Continue Reading

3rd Estimate Says Economy Grew 4/10 Percent In 4th Q 2012

The third estimate for how fast the economy grew last quarter is out, and the answer is 4/10 of one percent. Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 0.4 percent in the fourth quarter… Continue Reading

Big Money New Orleans Commercial Real Estate Transactions 2013

Commercial real estate is known for high value transactions, and New Orleans has its share of movers and shakers looking to put commercial property to its highest and best use. From New Orleans Cold Storage To Bagging Plastic Pellets New Orleans is almost 300 years old and was once the largest port in America, before there… Continue Reading

New Orleans Commercial Real Estate Trends-Q1 2013

Commercial real estate activity in New Orleans cooled down in the first quarter of 2013, after a heated 4th quarter in 2012 when buyers hurried to close by the end of the year. There is currently 9.4 million square feet of commercial space for sale at a total sale price exceeding $800 million, and 10.4… Continue Reading

Louisiana Posts Healthy Revenues For 4Q 2012

If revenues are any sign of economic health, the economy is in the best shape in years. For the 12 months ending 2012, revenues from all 50 states and DC from state and local taxes totaled $399 billion, up $97 billion from the previous period, according to the latest census. The chart below shows the… Continue Reading

Expensive Commercial Real Estate Transactions In New Orleans

 One aspect of a vibrant economy is that businesses and commercial real estate always moves from weak hands to strong hands, and recently, several large commercial real estate properties did just that. The most powerful New Orleans economic driver is the hospitality industry, a shift originating in the 1980’s that moved New Orleans away from… Continue Reading

Federal Tax Policy with Fiscal Cliff Updates

Federal Tax Policy with Fiscal Cliff Updates Federal tax code has not substantially changed for over two decades. 2013 brings a new set of rules and guidelines for all U.S. tax payers. Keep in mind that filing for 2013, is not due until April 2014. Individuals, families and businesses across the board (not only higher-income… Continue Reading

Trends In New Orleans Commercial Real Estate

  New Orleans’ Industrial real estate supply is up, lease prices are up but sale prices are down. In the industrial sector so far in the month of November, there are 110 properties for sale totaling 3.2 million square feet, an 18 percent increase in supply over the last 12 months. The average asking sale… Continue Reading

One Man’s Loss is Another’s Treasure: How Wendell Pierce and Childhood Friend Troy Henry Saved 500K On a Brilliant Commercial Real Estate Development Decision and What They Faced Along the Way

In June 2006, Robert Armbruster purchased a 40,000 square foot of land at 1667 Tchoupitoulas for $1,100,000 financed by Gulf Coast Bank.  Just 2 blocks from the New Orleans Convention Center and even closer to the recently repurchased defunct Entergy Power Plant, $1.1 million appeared to be a good deal for the property at that… Continue Reading

What You Really Need To Know About Today’s GDP News

You already should know that 3rd quarter GDP increased 2% compared to 2nd quarter’s 1.3%, but what you really need to know is why and what is driving the economy. It is really the federal government-just in time for the election. The acceleration in real Gross Domestic Product in the third quarter primarily reflected the… Continue Reading

How Is The U.S. Economy Doing?

Just out today: the economy is still growing, although at a slower pace. The Gross Domestic Product for the 2nd quarter of 2012 increased at 1.3%, compared to the previous quarter which grew at 2.0%. It’s like driving down the interstate at 60 miles per hour and you enter construction zone and slow down to… Continue Reading

Wetlands Mitigation for Real Estate Development

Dr. Patice Cole made a presentation to real estate developers on wetlands which is available for download. Also see my February 2009 newsletter for my wetlands article. Wetlands Presentation – Download pdf    

10 Times More Wealth In Real Estate Than Stocks

The household median value of rental real estate is $170,000 but the value in stocks is only $18,300, according to the US Census Bureau,  which explains why the economy could experience an extended period of slow growth not seen by anyone living today. The reason having so much in real estate will have such an impact… Continue Reading

Just Out Today-Where Are Americans Spending Their Money?

Spending on tourism grew faster than the economy in the first quarter 2012 with an annual growth rate of 3.4%, compared to #GDP growth at 1.9%. Those areas dependent on tourism should continue to see better than average growth.  New Orleans is a good example of how cities have capitalized on tourism spending, shifting the driver… Continue Reading

Using Technology To Invest in Commercial Property

This article was published last month in a national trade magazine read by 17,000 members of the Certified Commercial Investment Member (CCIM) organization. CCIM is the premier commercial real estate designation which requires approximately three years specialized study for most members. The article discusses using technology to make smarter investment decisions in developing commercial retail… Continue Reading

Is Obama Right: The Private Sector Really Is OK?

Somebody must have leaked to Obama today’s release of manufacturing profits showing a 9.45% increase in after-tax profits, from 134 billion in the 4th quarter of 2011 to 146 billion in the 1st quarter 2012, which caused him to claim the private sector is OK. Drill down to the specific industries and you will see that… Continue Reading

Just Out Today-Economy Slowing Even More Than First Thought

Just out today is the actual number for GDP growth for the 1st quarter of 2012, showing a slowing of growth to an annual rate of 1.9% from the 4th quarter 2011 of 3.0%, a 36% drop in activity. The 1st quarter advance estimate was 2.2% GDP growth but with more information now available, we have… Continue Reading

New Orleans Largest Employers

Top employers in New Orleans. Company Type of Business Employment Ochsner Health System Health Care 9,107 St. Tammany Parish Public School Board Elementary & Secondary Schools 7,651 Jefferson Parish School Board Elementary & Secondary Schools 7,000 Northrop Grumman Ship Building & Repairing 5,400 LSU Health Sciences Center New Orleans Colleges & Universities 5,000 Tulane University… Continue Reading

Just Out Today: Leading Economic Indicators Decline

Today, one of the best measurements of the strength of the economy-the Leading Economic Index-showed a decline in April of 0.1 percent, in contrast to March’s 0.3 percent increase and also February’s 0.7 percent increase. A declining Leading Economic Index has predicted 7 of the last 8 recessions, but this does provide a signal of possible… Continue Reading

Just Out Today-Economy Driven By Consumer Income

If you want to know how healthy the economy is, just watch the consumer. The US economy is one-third manufacturing driven and two-thirds consumer driven, and consumer spending depends on personal income. When the consumer spends, businesses grow, causing them to lease addiional space and open new locations, causing demand for new warehouses for distribution… Continue Reading

Dr. Tichenor: A Part Of New Orleans Commercial Real Estate History

Dr. Tichenor died at age 85 but his company is alive and well, delivering toothpaste, mouthwash and catchy slogans such as: Reduce harmful emissions. Gargle. Wence, Repeat. Why fight bad breath when you can kick the crap out of it. In January 2012, the company got $1.1 million from the Solomon Group for their building at 819… Continue Reading

Reggie Bush Finally Leaves Town

The last remaining vestige of Heisman Trophy winner Reggie Bush, his penthouse condo at One River Place, was sold for $1.975 million on February 8, 2012, down 16% from his $2.3 million dollar asking price. Reggie came to the Saints in 2006 and rushed for 565 yards, his best year because he also had 742 receiving… Continue Reading

Benson Buys Land Opposite Superdome For $3.5 Million

17 years is a long time to reap a 259% return, but that’s how New Orleans commercial real estate works. Back in 1995 when the Resolution Trust was liquidating Landmark Land assets, the 1.248 acres at 1709 Poydras Street, opposite the Mercedes Benz Superdome, was purchased for $1.35 million by the team of Bob Merrick, owner… Continue Reading

Largest New Orleans Commercial Real Estate Transactions So Far in 2012

There are only 3 New Orleans commercial properties priced over $2 million sold so far in 2012, with the highest sale exceeding $18 million for the old Amoco office building.  The largest commercial real estate market in New Orleans is the office category, but it is only one of 5 major types of commercial property. New Orleans MSA commercial real… Continue Reading

More Good Economic News-Personal Income Up For Feb 2012

Just out today is the news that personal income for last month increased 0.2%, meaning that the consumer is doing well which can spur consumer spending which can create demand for commercial real estate development. Personal income increased $28.2 billion, or 0.2 percent, and disposable personal income (DPI) increased $18.9 billion, or 0.2 percent, in… Continue Reading

Just Out-GDP News Shows Economy Growing

Real gross domestic product (GDP) — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 3.0 percent in the fourth quarter of 2011 (that is, from the third quarter to the fourth quarter), according to the “third” estimate released today by the… Continue Reading

Personal Income Growth Drives Commercial Real Estate Demand

The Bureau of Economic Analysis reported today that Louisiana had growth in personal income of 4.83%, comparing 2011 to 2010, which ranks 34th among all states. The highest growth was North Dakota at 8.13% and the lowest growth was Maine at 3.35%. The reason we examine personal income is because it is a driver of… Continue Reading

Average Time To Sell Or Lease Industrial Property Is 368 Days

Most industrial property owners are shocked to discover the average time it takes to find a buyer or tenant in New Orleans is 368 days, and that is with an average asking price of $37.91 per square foot and lease price of $4.48 per square foot. But there is good news in that, for this month, supply is… Continue Reading

March 2011-Trends In Commercial Real Estate In New Orleans

This issue examines the strength of the national and local economy, all the major commercial transactions in 2010, trends in lease and sale prices, comparing this month’s property for sale and lease to the 12 month average and charts trends in asking versus actual prices. Download full story (pdf)